On April 17, 2025, Binance CEO Richard Teng declared Bitcoin as 'the only truly neutral currency,' emphasizing its global availability and resistance to bias and borders.

Teng's statement comes amid ongoing uncertainty in the macroeconomic landscape, which has led to volatility in both crypto and equity markets.

The volatility-adjusted Net Realized Profit/Loss for Bitcoin has returned to its long-term median, indicating a critical point for determining future market direction.

Recent data shows a balance between realized profit and loss for Bitcoin, suggesting market saturation and potential consolidation as it seeks a new equilibrium.

Despite positive capital flows into Bitcoin, recent trends indicate a potential softening in investor appetite, reflecting a broader risk-off sentiment.

Although Bitcoin has shown resilience, it has also faced significant volatility, experiencing its largest drawdown of the 2023-2025 cycle, with a realized cap hitting an all-time high of $872 billion but only a 0.9% monthly growth.

Teng highlighted Bitcoin's resilience and decentralization, positioning it as a strong store of value amid rising global tensions and tariffs.

Earlier in the week, Teng predicted that early adopters of Bitcoin, including countries and corporations, would benefit from its upward momentum, cautioning that delaying adoption could lead to higher costs later.